Agri News India

Tomar said the government declares MSP for 22 major agri-commodities of fair average quality (FAQ) each year in both crop seasons after taking into account the recommendations of the Commission for Agricultural Costs and Prices (CACP). from Agriculture-Economy-News-Economic Times https://ift.tt/3apsDRq

Sugar sales are reported to be more or less similar to last year at around 6.75 million tonnes during October-December of the ongoing marketing season. from Agriculture-Economy-News-Economic Times https://ift.tt/3tqUyt9

The Finance Minister has presented the budget, which overall did not seem to touch the middle class in any major way. There was an Agriculture Infrastructure & Development Cess (AIDC), which has been brought in to aid the agri sector. The cess is not uniform and varies from product to product. from Agriculture-Economy-News-Economic Times https://ift.tt/3rcaays

It is expected that tea estate population would be provided a more comprehensive coverage on welfare schemes related to housing, education, sanitation, medical facilities, said Indian Tea Association. from Agriculture-Economy-News-Economic Times https://ift.tt/39EpTRb

The budget is focused on developing infrastructure in agriculture sector. Narendra Singh Tomar said that the budget has given APMCs access to agriculture infrastructure fund (AIF) for development of marketing infrastructure in mandis. from Agriculture-Economy-News-Economic Times https://ift.tt/3ag0X1a

Punjab Finance Minister Manpreet Singh Badal claimed that instead of doubling income from agriculture, it will reduce the earnings by half. from Agriculture-Economy-News-Economic Times https://ift.tt/39zK5DG

The ministry's revised budget is estimated to be Rs 1,24,519 crore for the ongoing 2020-21 fiscal year, according to the Budget 2021 document presented in Parliament by Finance Minister Nirmala Sitharaman. from Agriculture-Economy-News-Economic Times https://ift.tt/3j7fNLz

To meet its domestic demand of 23.5 million tonnes, India annually imports 13.52 million tonnes of vegetable oils and out of this 60% is palm oil from Indonesia and Malaysia. from Agriculture-Economy-News-Economic Times https://ift.tt/3csWQBE

The minister also proposed higher allocation for Rural Infrastructure Development Fund and Micro Irrigation Fund, and extended Agriculture Infrastructure Fund to APMCs for augmenting infrastructure facilities. from Agriculture-Economy-News-Economic Times https://ift.tt/2MFNasW

"I propose to provide Rs 1,000 crores for the welfare of tea workers especially women and their children in Assam and West Bengal," she said while presenting the Union Budget 2021-22. from Agriculture-Economy-News-Economic Times https://ift.tt/3rbdJoQ

Sections of political as well as farmer leaders had been skeptical that the BJP-ruled states were trying to weaken APMCs by throwing agriculture markets open for private participants, triggering protests from farmers. from Agriculture-Economy-News-Economic Times https://ift.tt/3aqjIz4

As per the budget statement, basic customs duty rates have been cut on a range of items to offset the impact of the cess on consumers. from Agriculture-Economy-News-Economic Times https://ift.tt/3j3yQXh

The water scarcity and droughts in some parts of the country has put the spotlight on water-saving technology over the past few years with various states having taken aggressive expansion of micro-irrigation, said Anil Jain, MD, Jain Irrigation Systems. from Agriculture-Economy-News-Economic Times https://ift.tt/39CYzT2